North Korean leader Kim Jong-un, left, talks with South Korean president Moon Jae-in on a the blue bridge within the grounds of the Peace House in the Demilitarised Zone. Korea Summit Press / EPA
North Korean leader Kim Jong-un, left, talks with South Korean president Moon Jae-in on a the blue bridge within the grounds of the Peace House in the Demilitarised Zone. Korea Summit Press / EPA

Donald Trump welcomes 'historic' Korea summit



US President Donald Trump hailed the Korea summit as historic but cautioned that "only time will tell".

Pyongyang and Seoul agreed in a joint statement on Friday that they have agreed to rid their peninsula of nuclear weapons.

North and South Korea will also pursue a peace treaty with the United States and China to formally end the 1950-1953 Korean War.

The US president tweeted:

The summit was the highest-level encounter yet in a whirlwind of nuclear diplomacy, and was intended to pave the way for the much-anticipated encounter between Kim Jong-un and Mr Trump.

Last year, Pyongyang carried out its sixth nuclear test, by far its most powerful to date, and launched missiles capable of reaching the US mainland.

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Korea summit

North and South agree to seek peace and complete denuclearisation

Pictures: Korea's historic summit

How Friday's summit happened

South Koreans captivated by 'cute' Kim

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Its actions sent tensions soaring as Mr Kim and Mr Trump traded personal insults and threats of war.

Elsewhere, the North's sole major ally, China, welcomed the summit saying it applauds the countries' leaders for taking a "historic step" toward peace.

Foreign Ministry spokeswoman Hua Chunying said Beijing wishes that the meeting between Mr Kim South Korean President Moon Jae-in will achieve a "positive result".

Ms Hua quoted the Chinese writer Lu Xun: "After all of the suffering, the brotherly friendship still exists; with a smile, let's forget about the debt of gratitude and revenge."

She said China looked forward to taking this summit as an opportunity to expand into a "new journey of long-term peace and stability on the peninsula".

Japanese Prime Minister Shinzo Abe welcomed a summit between the two Koreas, urging Pyongyang to take "concrete action".

"Today President Moon Jae-in and Chairman Kim Jong-un held earnest discussions about North Korea's denuclearisation. I want to welcome that as a positive move toward comprehensive resolution of various issues concerning North Korea," Mr Abe said in Tokyo.

"We strongly hope that North Korea will take concrete action through this meeting and a summit between the US and North Korea."

Earlier, Australian Prime Minister Malcolm Turnbull and Foreign Minister Julie Bishop said they "cautiously welcome" the summit.

German Foreign Minister Heiko Maas said North Korea's announcement that it would immediately suspend nuclear and missile tests was a step in the right direction but added that Pyongyang must reveal its nuclear and missile programme.

"To enter into a serious political process working towards the complete denuclearisation of North Korea, it is however necessary for Pyongyang to follow specific steps and to disclose its complete nuclear and missile programme in a verifiable way," Mr Maas said on Saturday.

Federica Mogherini, the High Representative of the EU for Foreign Affairs and Security Policy, said the announcement was "a positive, long sought-after step on the path that has now to lead to the country's complete, verifiable and irreversible denuclearisation."

It was also a move towards "the full respect for its international obligations and all relevant UN Security Council resolutions."

Boris Johnson, the British Foreign Secretary also embraced the prospect of dismantling the nuclear programme.

“I welcome the announcement that the two Koreas will work towards the complete, verifiable, and irreversible denuclearisation of North Korea, improve bilateral ties and reduce border tensions," he said. “This historic summit is not the end in itself. There are still many questions to be answered. Kim Jong-un’s commitment to halt all nuclear and intercontinental and intermediate range ballistic missiles tests is a positive step. We hope this indicates an intention to negotiate in good faith and that Kim has heeded the clear message to North Korea that only a change of course can bring the security and prosperity it claims to seek.

“The UK will continue to work with our international partners to strictly enforce existing sanctions until such time that North Korea turns its commitments into concrete steps towards denuclearisation.”

How Islam's view of posthumous transplant surgery changed

Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.

One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

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Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

While you're here
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

The%20Sandman
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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

•   Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

•   Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

•   Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
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Company%20Profile
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Results

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Winner: Woodditton, Connor Beasley, Ahmad bin Harmash.

8.15pm: Handicap Dh185,000 (D) 2,000m

Winner: Secret Trade, Sandro Paiva, Ali Rashid Al Raihe.

8.50pm: Handicap Dh185,000 (D) 1,600m

Winner: Mark Of Approval, Antonio Fresu, Mahmood Hussain.

9.25pm: Handicap Dh165,000 (D) 2,000m

Winner: Tradesman, Pat Dobbs, Doug Watson.